CONSTRUCTION MANAGEMENT  

Your business relies on contracts with partners, subcontractors, and workers. An estimated 60–80% of company activities are governed by contracts and agreements, making them essential to the efficient conduct of the majority of corporate operations. The administration of contracts makes sure that you and your internal teams never forget what has been agreed upon and by whom.

You may automate and streamline your approach to maintaining current contracts and making new ones with the help of Acumen’s contract management. It aids in cost management, revenue management, productivity improvement, and mistake reduction. Additionally, it gives you the knowledge and resources necessary to properly utilize outbound contracts and adhere to their inward contractual duties.

capabilities

ACUMEN’s Services Within Contract Management

  • Assisting organizations in developing contract strategies aligned with business goals, identifying contract risks, defining contract terms and conditions, and creating contract management plans.
  • Providing expertise in contract development, including drafting and reviewing contract documents, negotiating terms and conditions, and ensuring contract clarity and enforceability.
  • Conducting risk assessments for contracts, identifying potential risks and vulnerabilities, and developing risk mitigation strategies to protect organizations’ interests and minimize liabilities.
  • Establishing processes and systems to monitor contract compliance, track performance against contract milestones and deliverables, and address contract non-compliance issues.
  • Assisting organizations in managing contract changes, including change requests, scope changes, and contract amendments, ensuring proper documentation, approvals, and communication.
  • Providing guidance and best practices for managing vendor and supplier relationships, including vendor selection, performance evaluation, and contract renewals or terminations.
  • Establishing processes and systems for efficient contract administration, including contract document management, record-keeping, and correspondence management.
  • Assisting organizations in managing contract disputes and claims, including providing expert advice, facilitating negotiations, and supporting dispute resolution processes such as mediation or arbitration.
  • Conducting contract compliance audits to ensure adherence to contract terms and conditions, identify compliance gaps, and recommend corrective actions.
  • Providing training programs and workshops to enhance contract management skills and knowledge within organizations, including contract management best practices, negotiation techniques, and contract risk awareness.

ACUMEN excels in Contract Management due to our extensive experience in negotiating and drafting contracts across various industries. Our team of experts possesses a deep understanding of legal frameworks and industry-specific regulations, allowing us to effectively mitigate risks and maximize opportunities for our clients. With our proven track record of successful contract management strategies, we are confident in our ability to provide tailored solutions that drive growth and profitability for your business.

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